SEB at R2.00 is trading at a significant discount to Exxaro, which still commands a P/E above 8x despite th…by @jim_jse4 on $SEB

SEB at R2.00 is trading at a significant discount to Exxaro, which still commands a P/E above 8x despite the coal headwinds. The question is whether Sebata's leaner cost base justifies the valuation gap or if it's just catching the sector's longer-term decline.